Fixed Charges Coverage Ratio definition

Fixed Charges Coverage Ratio means, for each period of four consecutive fiscal quarters ending on any Test End Date, the ratio of (a) Cash Flow Available for Fixed Charges for such period, to (b) Fixed Charges for such period. The foregoing shall be determined on a consolidated basis for the Company and its Subsidiaries in accordance with GAAP.

Fixed Charges Coverage Ratio means, at any time, the ratio of (a) Consolidated Income Available for Fixed Charges for the period of four consecutive fiscal quarters ending as of the most recent fiscal quarter ended prior to such time to (b) Consolidated Fixed Charges for such period.

Fixed Charges Coverage Ratio means, for any period of determination, the ratio of (a) Consolidated Income Available for Fixed Charges, to (b)

Examples of Fixed Charges Coverage Ratio in a sentence

• Additionally, at the time of the Lessee's delivery of its annual audited financial statements, the Lessee shall provide a certificate to the Lessor setting forth the Fixed Charges Coverage Ratio for such Annual Period, calculated based upon the relevant information reflected in such annual audited financial statements.

• Notwithstanding the foregoing or any other provisions in this Ground Lease to the contrary, the Lessee's failure to maintain a Fixed Charges Coverage Ratio of not less than 1.20 shall not constitute an "Event of Default" hereunder.

• Commencing on the first full Annual Period following Substantial Completion of the Project, the Lessee shall use commercially reasonable efforts to operate the Project such that the Fixed Charges Coverage Ratio shall at all times be not less than 1.20.

• Beginning with the Annual Period ending December 31, 2024, the Lessee shall deliver to the Lessor a certificate disclosing the Fixed Charges Coverage Ratio as of the end of each Annual Period, at the time of the delivery of the Lessee's annual audited financial statements pursuant to subsection (k) below, calculated based upon the relevant information reflected in such annual audited financial statements.

More Definitions of Fixed Charges Coverage Ratio

Fixed Charges Coverage Ratio means, as at any date, the ratio of (a) (x) EBITDA for the period of four consecutive fiscal quarters ending on or most recently ended prior to such date minus (y) Capital Expenditures made during such period to (b) Debt Service for such period.

Fixed Charges Coverage Ratio means the ratio (rounded to two decimal places) determined as at the last day of the most recent fiscal quarter of Borrower of (a) EBITDA for the four fiscal quarter period ended on the last day of such fiscal quarter, to (b) Fixed Charges determined as at the last day of such fiscal quarter.

Fixed Charges Coverage Ratio means, for any date of determination, the ratio of (a) Consolidated Income Available for Fixed Charges for the four (4) consecutive fiscal quarters of the Company then most recently ended to (b) Fixed Charges for such period.

Fixed Charges Coverage Ratio means, at any time, the ratio of (a) Consolidated Income Available for Fixed Charges for the period of four consecutive fiscal quarters ending on, or most recently ended prior to, such time to (b) Fixed Charges for such period of four consecutive fiscal quarters.

Fixed Charges Coverage Ratio means, for any Computation Period, the ratio of (a) the total for such Computation Period of EBITDA to (b) the total for such Computation Period of Fixed Charges.

Fixed Charges Coverage Ratio means the ratio of (x) consolidated operating income to (y) interest costs, excluding interests costs of Finance Leasing Subsidiaries.

Fixed Charges Coverage Ratio means, as of the end of any Fiscal Quarter, the ratio of: